AccorInvest Group sold the property to an affiliate of Miami-based Gencom, a leading international investment and development firm which also owns the Rosewood Bermuda resort. Gencom said: “The hotel will remain under the brand and management of Fairmont Hotels & Resorts. Acquiring Fairmont Southampton demonstrates Gencom’s steadfast commitment to supporting the long-term growth of Bermuda’s tourism and hospitality sector.”

Appleby advised AccorInvest Group on all aspects of the sale transaction.  Partner Tammy Richardson-Augustus led the deal and was assisted by Partner Matthew Ebbs-Brewer and Senior Associates Josephine Noddings and Neil Molyneux.

AccorInvest is both owner and operator of a property portfolio of more than 850 hotels, owned and leased, located in 26 countries of Europe, Latin America and Asia, and has a long term partnership with Accor for the management of such assets to assure continual enhancement of its hotel portfolio attractiveness and guest satisfaction.

Accor Group, the owner of Fairmont brand, is a global leader in augmented hospitality.  Accor unique and unmatched experiences in 4,900 hotels, resorts and residences in 110 countries. For more than 50 years, AccorHotels has combined the full breadth of its hotel know-how in an incomparable collection spanning from luxury to economy brands.

Share
Twitter LinkedIn Email Save as PDF
More Deals
22 Jan 2020 | Deals

Appleby advises AXIS Capital in its 2020 issuance of insurance and reinsurance linked notes

Our insurance team advised AXIS Capital, the Bermuda-headquartered global (re)insurer, in its 2020 i...

Contributors: Laura Burns
15 Jan 2020 | Deals

Appleby Bermuda acted as counsel to Matterhorn Re Ltd., on the launch of its first catastrophe bond of 2020 under the sponsorship of Swiss Re

Matterhorn Re Ltd., registered as a Special Purpose Insurer in Bermuda, has via a segregated account...

Contributors: Josephine Noddings
15 Jan 2020 | Deals

Appleby Bermuda advised Sierra Ltd., the vehicle used by Bayview Asset Management, LLN in its first ever ILS transaction

Appleby Bermuda acted as counsel to Sierra Ltd. in connection with its offering of USD 150 million S...

Contributors: Josephine Noddings
10 Jan 2020 | Deals

Appleby acted as Bermuda counsel to AkinovA leading up to the completion of a ‘first of its kind’ parametric cyber risk transfer

Appleby’s insurance team acted as Bermuda counsel to AkinovA on all matters leading up to the comp...

8 Jan 2020 | Deals

Appleby Bermuda advised Sumitomo Dainippon Pharma in its USD 3 Billion acquisition of five biopharmaceutical companies

Our Bermuda team advised Sumitomo Dainippon Pharma, a leading Japanese pharmaceutical company in res...

Contributors: Jamie Rego
27 Nov 2019 | Deals

Appleby advised T&D Holdings on USD 1.8 Billion joint acquisition with Carlyle Group of AIG’s Fortitude Re

Appleby advised T&D Holdings on all Bermuda law issues relating to the purchase of a 25% stake in Fo...

15 Oct 2019 | Deals

Appleby Bermuda acted for sellers of Sandell Holdings Ltd.

Appleby was instructed by the shareholders of Sandell Holdings Ltd. in connection with the sale of t...

Contributors: Josephine Noddings
4 Oct 2019 | Deals

Appleby Bermuda advised on Southern Cross NEXT subsea cable project

Appleby advised the Southern Cross Group of Bermuda companies in respect of all aspects of Bermuda l...

Contributors: Andrew Kuzma, Sarita Ebbin
3 Oct 2019 | Deals

Appleby acts in Artex/Horseshoe Transaction

Appleby acted as counsel to the sellers of Horseshoe Insurance Services Holdings Ltd. in connection ...

16 Aug 2019 | Deals

Appleby represented HSBC in a GBP 7 billion longevity swap

Appleby represented HSBC in a £7 billion longevity swap and reinsurance transaction which is the se...